Panama Canal and Panama Railroad Co. Employees' Retirement. Hearing ... on H.R. 7018 ... March 3, 1928

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Page 2 - An immediate life annuity beginning at the date of separation from the service, having a value equal to the present worth of a deferred annuity beginning at the age at which the employee would otherwise have become eligible for superannuation retirement computed as provided in section 4 of this act...
Page 2 - An Act for the retirement of employees in the classified civil service, and for other purposes...
Page 1 - ... this act shall not be so construed as to reduce the annuity of any person retired before its effective date, nor shall any increase in annuity commence before such effective date. All those who were separated from the service of either the Panama Canal or the Panama Railroad Company on the Isthmus of Panama, subsequent to August...
Page 2 - SEC. 6. The annuity of an employee retired under the provisions of this Act shall be composed of — (1) A sum equal to $37.50 multiplied by the number of years of service, not to exceed thirty years, rendered (a) on the Isthmus of Panama...
Page 3 - I am advised by the Director of the Bureau of the Budget that the proposed legislation is in conflict with the financial program of the President.
Page 47 - I am advised correctly this is the first instance where the thanks of Congress have been extended to the leaders of any enterprise without including all of those who were associated with it.
Page 2 - In case an annuitant dies without having received in annuities an amount equal to the total amount of his contributions from...
Page 2 - Her salary, pay, or compensation, together with interest thereon at 4 per centum per annum compounded as herein provided up to the time of his...
Page 53 - basic salary, pay, or compensation," wherever used in this act, shall be so construed as to exclude from the operation of the act all bonuses, allowances, overtime pay, or salary, pay, or compensation given in addition to the base pay of the position as fixed by law or regulation.

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